OAO Gazprom (GAZP.RS) will sell its controlling stake in SeverEnergia--a natural gas project part-owned by Eni SpA (ENI.MI) and Enel SpA (ENEL.MI)--to a joint venture of OAO Gazprom Neft (SIBN.RS) and OAO Novatek (NVTK.RS), the company said Tuesday.
OAO Gazprom (GAZP.RS) will sell its controlling stake in SeverEnergia--a
natural gas project part-owned by Eni SpA (ENI.MI) and Enel SpA (ENEL.MI)--to a
joint venture of OAO Gazprom Neft (SIBN.RS) and OAO Novatek (NVTK.RS), the
company said Tuesday.
Gazprom management approved the sale of 51% stake in SeverEnergia, which
includes former assets of bankrupt Yukos, to a joint venture owned by Gazprom
Neft, its oil unit, and Novatek, which is
Russia
's
second-biggest gas producer.
No financial terms were disclosed.
Gazprom agreed last year to pay $1.6 billion for the stake in SeverEnergia.
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